US Federal Reserve's job is not in jeopardy: White House economic adviser

The head of the US Federal Reserve faces no risk of losing his job and President Donald Trump is happy with his Treasury secretary, a White House official said in an apparent attempt to calm Wall Street nerves frayed by Trump's criticism of the Fed.

Asked on Wednesday if Fed Chairman Jerome Powell's job was safe, White House economic adviser Kevin Hassett told reporters: "Yes, of course, 100 percent." Trump blasted the Fed on Monday as the US economy's "only problem," and investors have closely.....

This article is no longer available in our repository.

There could be multiple reasons for this.